Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. lessened its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 9.9% during the 4th quarter, HoldingsChannel reports. The firm owned 839,198 shares of the business services provider’s stock after selling 91,849 shares during the period. Congress Asset Management Co.’s holdings in Booz Allen Hamilton were worth $108,005,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bogart Wealth LLC boosted its position in shares of Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 155 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at about $31,000. R Squared Ltd acquired a new position in shares of Booz Allen Hamilton during the 4th quarter valued at about $31,000. Roxbury Financial LLC acquired a new position in shares of Booz Allen Hamilton during the 4th quarter valued at about $35,000. Finally, Berbice Capital Management LLC acquired a new position in shares of Booz Allen Hamilton during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 0.2 %

Shares of NYSE:BAH opened at $117.68 on Friday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.56. The firm has a market capitalization of $14.90 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55. The firm’s 50-day moving average is $131.60 and its two-hundred day moving average is $148.75. Booz Allen Hamilton Holding Co. has a 1 year low of $115.97 and a 1 year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Analysts predict that Booz Allen Hamilton Holding Co. will post 6.33 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.87%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is presently 32.79%.

Wall Street Analyst Weigh In

BAH has been the topic of several recent research reports. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a research report on Monday, January 6th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. Finally, UBS Group assumed coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and an average target price of $158.91.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.